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45000 shares is a massive holding. I wish you well and hope they go up and up. G L A
Maybe share buybacks are kicking in
Im still keeping mine held in the ISA's/Sipps, just dropping the outside isa ones simply to avoid all the tax calc complications. Will only add then inside isa/sipp moving forwards.
Will be retaining north of 45k of the little blighters with no tax headaches :)
Couldn’t agreed more dr patience,
Big fat dividends are nice, but unfortunately they add zero value to a company
Well done Jodi , Get it in the Baagge. Glenda's on fire today must have taken one of her pills
If a company reduces dividend so it can buy another company with a plan to do something sensible with the acquisition...it would be very one sided to just look at the cut in dividend.
Smells of better value overall, to me at least!
Nothing wrong with selling now and hoping for a retrace. It's rarely a straight line up.
Its a huge cut in yield Saigon, one of the reasons ive dropped a fair few this last week or so.
Likely dropping a big chunk more next week too at current levels, money earns more elsewhere for the moment.
Sold.....that'll do for now. Catch them dips. Nothing goes up in a straight line...bang on!
Yes it was a great divi last year plus a fine return on capital but game changed this year due to lower prices and teck acquisition
My calculation is that Glen is yielding around 2% based upon the total dividend payout of 13c (10.4p) in 2024. As a newbie to Glen is this a big reduction in payout from last year? (this board is showing a yield of 7%)
Most base metals flying higher, why sell against the momentum, it got £5 nailed on now by month end. but nothing goes up in straight lines
Where's this going - ff snakes. Sold @ 4.79 - give me a break!!!!!
Just starting off!
Get in NV and make some real money,.
And frequently in a jumbled knot
It's half as long as twice it's length
How long is a piece of string - It's as long as you want to cut it !!!
How long is a piece of string no body knows just speculation.. that old saying a bird in the had . Owns better than nowt .. and the divi doesn't help either
Hi. A question to more experienced collegues. I got some here around 408p. Should i sell now for small profit ? Or you think it will go up to 5£ ? Ive seen some posts sugesting it may to up to 5 before july and some others it will retrace to 420 levels. I know there is no golden rule here and everything can happen.
Thx for all answers.
Evi, seems EV sales are slowing down, news feeds suggesting backing up of vehicles in european ports, so not personally seeing much of a boost there for good old copper, but given the rush to decarbonise infrastructure worldwide in anticipation as recovery grows, more windmills etc then there will certainly be a big need to upgrade powerlines etc, so no doubt will assist demand.
Old Glenda doing well currently of late though, no complaints here :)
ZINC up 2% today and glencore produce nearly 1 million tonnes of the stuff every year. yeh copper is its only arrrow....Zinc is up 10% in 2024
Iron ore price up 10% in the last month
all in the commodities new super cycle.. timing is everything
I think the smelters need good quality coal aswell as the ore ? Glen have been poisoning themselves the last few years, buying copper mines, building their own smelters, Teck, getting rid of the baggage mines, reduced divi this year to pay for this gearing up, Glen are putting themselves in a great position for the future demands of basic raw materials, threw to finished product.
Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures.
And now that crisis is here, say Bank of America metals strategists led by Michael Widmer.
“The much-discussed lack of mine projects is becoming an increasing issue for copper. This, along with investment in green technologies and a rebound of the global economy, should lift prices to US$10,250/t (465c/lb) by the fourth quarter,” they say, an upgrade of 8% from their previous view.
Front-month copper futures HG00 were trading at $4.28 per pound, up 10% on the year on Tuesday.
Bank of America wasn’t the only Wall Street bank forecasting copper price gains. Analysts at Citi said consumers of the metal should “urgently hedge” or risk facing $320 billion of cost increases over the next three years. Saying copper is the second bull market this century, they say copper prices are trending higher to average $10,000 per ton in the fourth quarter and $12,000 by 2026.
The Bank of America analysts also are bullish on gold.
This rise is 100% due to Copper price surge or Glen would be at £380.
So your listening to the same experts that said copper would drop in 24/25 these experts make it up as they go.
Late reported trades £21 million buys at 475.